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Sunday, 01 January 12
IS INDIA FOLLOWING INDONESIA TO STANDARDIZE COAL PRICES TO GET MAXIMUM BENEFITS?
 COALspot.com - Coal India limited, an Indian state owned and world largest coal producer has introduced gross calorific value (GCV) based pricing mechanism by January 1, 2012.
The BoD of Coal India Ltd on Friday approved a proposal to adopt the internationally accepted, gross calorific value (GCV) based pricing mechanism beginning 2012. The GCV based pricing mechanism will replace existing useful heat value (UHV) pricing mechanism.
According to media reports, new coal prices, dearer by 12-15 percent, is expected to push up power generation cost by at least US$ 0.00753 per unit. Indian UMPP’s, already affected due to Indonesian regulation that requires all the coal suppliers to follow government bench-mark pricing mechanism for coal transaction. UMMP’s have appealed to the government for a power tariff rise. If Coal India’s new coal-price structure pushes the prices of indigenous coal upward, then power producers may push the government for a tariff increase to secure bottom-line of company to keep the industry alive.
Times of India reported that, January 1, coal will be sold in 17 price brands starting from the variety that produces 2,200 kcal/kg to one that produces 7,000 kcal/kg. In between, there are 15 price bands, each at an incremental rise of 300 kcal/kg. Times of India has not reported anything about price adjustment for ash content.
Imported coal
As Coal India moving from UHV pricing mechanism to GCV based mechanism, Indian utilities in the opinion that, the imported coal prices may be competitive in the future for utilities who are currently using only indigenous coal due to price as well as the quality. Indian coal used to be higher ash content compared to imported coal.
"Even if we want to use more coal of higher calorific value, CIL cannot supply it. So we will be using the same coal but paying more," said a utility official, as quoted by times of India. If Coal India fails to fulfill customers' requirements for higher GCV coal when they willing to pay high, then there is possibility utilities looking for imported coal.
However, it is not clear that, whether Coal India will also introduce a coal price index, or it will go with a fixed pricing mechanism for a specific period. Incase coal India follows Indonesian coal pricing structure and tries to introduce index based pricing mechanism for its coal, then indigenous coal prices will also vary based on monthly international indices.
According to media reports, coal India has released price structure to its customers, which has not published for public.
Media reports further said, while those using coal of B, G and F grades will not be affected as new prices will be either same or lower, but those using other coal grades will be extremely affected.
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Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Monday, 05 October 09
BANPU EYES INCREASE IN COAL OUTPUT
The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indomi ...
Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...
Sunday, 04 October 09
INDONESIAN COAL EXCHANGE FOR PRICE BENCHMARKING IN OFFING
Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...
Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
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- Energy Link Ltd, New Zealand
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- Ministry of Mines - Canada
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- Cement Manufacturers Association - India
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- Metalloyd Limited - United Kingdom
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- Planning Commission, India
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- Australian Coal Association
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- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Port Waratah Coal Services - Australia
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- Mintek Dendrill Indonesia
- PTC India Limited - India
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- Ambuja Cements Ltd - India
- White Energy Company Limited
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- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
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- Eastern Coal Council - USA
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- Formosa Plastics Group - Taiwan
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- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
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- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
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- Trasteel International SA, Italy
- New Zealand Coal & Carbon
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- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
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- Carbofer General Trading SA - India
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- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
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- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
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- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Parliament of New Zealand
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- Vedanta Resources Plc - India
- Deloitte Consulting - India
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- The State Trading Corporation of India Ltd
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
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- Gujarat Sidhee Cement - India
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- Chamber of Mines of South Africa
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